Asia Mining News

China halts oil product exports to North Korea in November as sanctions bite

Beijing also imported no iron ore, coal or lead from North Korea in November.

Gold touches over three-week high, palladium hits 17-year peak

Gold prices edged up on Tuesday to a more than three-week high in post-holiday trade on geopolitical concerns.

Asia Gold-Demand softens on higher prices, slow holiday trade

Gold demand across major centres in Asia were subdued ahead of the holiday weekend as a modest rebound in prices weighed on investor appetite.

Japan aluminium premium raised to $103/T in Q1

The deals, an 8 percent to 10 percent rise from the $94-$95 per tonne premium in the previous quarter, mark the first increase in three quarters.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Mining listings bring Indian gold and Irish zinc to London

Two exploration companies with assets spanning gold in India to zinc in Ireland to list their shares on London's Alternative Investment Market on Thursday.

India's Tata Steel board approves up to $2 bln rights issue

The company's Kalinganagar plant will be expanded by 5 million tonnes per annum (tpa) to 8 million tpa, entailing a total investment of 235 billion rupees.

President Nursultan Nazarbayev Discusses Pitram Implementation at Maleevsky Mine site in Kazakhstan

President of Kazakhstan, Nursultan Nazarbayev, spoke about the recent implementation of Pitram fleet management and mine control solution at the Maleevsky mine. Nazarbayev was speaking on the recently finalised concept of the Digital Kazakhstan Program.

This map shows the top immigrant population in each country

If the world’s migrant population formed a new nation, it would be fifth largest. What are the top immigration populations, how does this look mapped out?

Supply cuts a 'step change' for uranium price

New report upgrades outlook for uranium sector after two top producers remove a combined 15% of U3O8 from the global market in 2018.

Gold mining: the world's cheapest jurisdictions

Not the place you would think.

Coal's fading crown to get Indian polish as demand stagnates

Coal may have fallen out of favor in North America and Europe, but India and other Asian nations ensure the dirtiest fossil fuel continues as energy supply.

Asia Gold-Price dip props up demand, India buyers await lower prices

Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world's second-biggest consumer India held off buying in the hope of further falls.

Indonesia, Freeport said to near new deal for Grasberg mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

Indian captive power plants running at half capacity due to coal shortage

The Indian Captive Power Producers Association denounced that most of its member companies are getting half of the coal they need from state-owned Coal India.

Kazakhstan’s largest iron ore company now has a smart mine

With a $10 million investment, the Kacharsky mine is being transformed into a smart mine.

What to expect for gold in 2018

John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.

World Bank to stop funding oil and gas projects

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

ArcelorMittal coal miners widen strike in Kazakhstan

A sit-in by miners of ArcelorMittal's Kazakh unit widened to all of the firm's coal mines on Tuesday as hundreds of workers demanded a 100 percent wage rise.

World's biggest floating solar power plant starts operating atop former coal mine

China Three Gorges says this would be not only the largest but also the "most intelligent solar power project with the most advanced technology in the world."

Mongolian Gov’t can’t nationalize Erdenet Copper Mine — court

Erdenet, which produces 530,000 tons of ore annually, is one of Asia’s biggest copper and molybdenum mines and a top tax contributor to the country’s $12 billion economy.

India trade ministry seeks lower tax on diamond miners

The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.

Asia Gold-Price dip gives small spark to demand; India buyers unmoved

Demand for physical gold picked up in most Asian centres this week as prices fell, but drop in local rates to four-month lows failed to lure buyers in India.

Indonesia's Freeport-Rio plan masks longer-term issues: Russell

Proposed three-way deal between the Indonesian government, Rio Tinto and Freeport to clean up ownership of Grasberg 'ignores the wider picture'.

Massive Oyu Tolgoi mine to more than double gold production in 2018

Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.